reversionary investment opportunity in prime town centre location.

32 St. James's Street, Burnley, Lancashire

For Sale £250,000 Offers over

in Burnley

3134 Sq Ft

• Fully let Freehold investment premises currently producing a gross rental income of £22,500 per annum.
• Prime high street location close to Charter Walk Shopping Centre and the Pioneer Place cinema and leisure complex.
• Comprising two self contained units including a large ground floor / basement showroom and a first floor massage therapists.
• Excellent reversionary investment opportunity.

Description

A highly prominent three storey, mixed use investment premises located in the heart of Burnley town centre. The ground and lower ground floor comprises a self contained retail unit which is let to Scoota Mart Limited (Company Number 03727873) by way of a 9 year Full Repairing and Insuring Lease expiring on 1st March 2030 at a current passing rent of £15,000 per annum. The lease incorporates a Tenant break clause on 1st March 2027. The first floor comprises a series of treatment rooms and is let to as a massage Therapists to a private Tenant by way of a new 5 year Full Repairing and Insuring Lease expiring on 28th February 2030 at a current passing rent of £7,500 per annum. The lease incorporates an open market (upwards only) Rent Review with effect from the 1st March 2028 and a corresponding Tenant break clause.

Location

The property is situated on St James Street, Burnley, the main pedestrianized shopping thoroughfare within Burnley town centre. The property occupies a prominent position opposite Charter Walk Shopping Centre with various established businesses close by including, Boots, McDonalds, Marks and Spencer and the new Pioneer Place Cinema development.

Accommodation

Ground Floor Showroom 154.86 sq.m 1,667 sq.ft Store 4.64 sq.m 50 sq.ft Basement Store 44.59 sq.m 480 sq.ft First Floor Reception 6.7 sq.m 72.11 sq.ft General office 30.22 sq.m 325.28 sq.ft Private office1 15.2 sq.m 163.61 sq,ft Private office 2 20 sq.m 215.28 sq,ft Kitchenette 4.33 sq.m 46.6 sq.ft WC's 3.32 sq.m 35.73 sq.ft Store 7.27 sq.m 78.25 sq.ft GIA: 291.13 sq.m 3,133.89 sq.ft

Services

The ground floor has the benefit of mains electricity and water and the first floor also features gas fired central heating.

Viewing

Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.

Tel: 01282 456677
Email: [email protected]